During the 2026 Hong Kong–Macao–Shandong Week from May 18 to 22, Qingdao achieved several practical outcomes in economic and trade cooperation with these two special administrative regions. A wind power project in Qingdao's Pingdu was signed at the event.

Hong Kong has emerged as Qingdao's largest source of foreign investment. At the Qingdao-Hong Kong Economic and Trade Cooperation Dialogue, both sides signed a memorandum of understanding to strengthen information exchange, broaden collaboration, and jointly cultivate new quality productive forces.

At a promotional event for Shandong's good-quality products, Qingdao presented the world's first carbon fiber metro train, uniquely woven straw crafts, and Xiaoyangchun tea to highlight its industrial development and rural vitalization achievements.

In the first quarter of this year, trade between Qingdao and Hong Kong reached 3.4 billion yuan ($493 million), a 0.3 percent increase year-on-year. Hong Kong launched 28 new projects in Qingdao, with paid-in foreign investment totaling $140 million. As of March, Macao had invested in 87 projects in Qingdao, with paid-in foreign investment of $130 million.

Looking forward, Qingdao will focus on attracting investments in its innovative industrial system, modern service industries, marine economy, international shipping center, and wellness tourism industry.

The city will also promote regular liaison mechanisms between the Shandong-Hong Kong Technology and Innovation Cooperation Center and the Hong Kong Science Park. With 422 direct flights between Qingdao and Hong Kong in the first three months of this year — a 6 percent increase — people-to-people exchanges continue to grow, promising deeper, mutually beneficial cooperation ahead.

Qingdao expands ties with Hong Kong and Macao, achieving trade growth and new investment projects. [Photo/Guanhai News]